175 companies join Plug and Play's ecosystem of 180 corporate partners, 200 VCs, and 583 alumni
SUNNYVALE, California, March 22, 2017 /PRNewswire/ -- Plug and Play announces its largest cohort to date, running nine of their programs simultaneously. The 175 startups will be dispersed across the following Innovation Platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of Things, Mobility, New Materials & Packaging, and Travel & Hospitality. Each 12-week program includes business development, investment pitches, and extensive networking with Plug and Play's corporate partners, VCs, and mentors. These advantages require no equity from participating startups.
"We look forward to the arrival of brilliant minds to our headquarters. We foresee our corporate partners more involved than ever. The startups can expect to run more pilots, diversify their business offerings, and raise additional funding to build their dream," says Saeed Amidi, Founder and CEO of Plug and Play.
Plug and Play reviewed over 8,500 startups to discover the 175 selected companies perfectly tailored to the nine industry-specific platforms. The complete list is posted on their website: http://bit.ly/175startups
For the startups, it is a zero commitment booster pack for business development with the potential for investment. For corporations and VCs, it is a chance to meet and work with the best startups in their field of interest.
"As one of Plug and Play Mobility's Founding Partners, for us mobility means way more than four wheels on the road. We expect innovative, surprising, and bold ideas from the startups. Fresh influx of top talent will open up new ways of creating the future of mobility," Arwed Niestroj, CEO & President, Mercedes-Benz Research & Development North America Inc.
Startups will graduate from the programs June 6-8th, 2017 at Plug and Play's Summer Summit. Get tickets here: http://bit.ly/summersummit17
About Plug and Play Tech Center
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year. Since inception in 2006, our programs have expanded worldwide to include a presence in 22 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. www.plugandplaytechcenter.com
SOURCE Plug and Play Tech Center